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Fly News Breaks for July 29, 2015
COL
Jul 29, 2015 | 09:17 EDT
Noting that Rockwell Collins has underperformed the market over the last three months, Argus says that the company has repositioned itself into faster growing areas over the last two years. The firm also expects the company to boost the margins of information processing comapny ARINC which it recently bought. Argus cut its price target on the stock to $100 from $115 due to a weaker outlook for its aftermarket business, but it reiterates a Buy rating.
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